SpaceX Discusses Merging With xAI Ahead IPO

SpaceX and Elon Musk’s xAI are in discussions to merge ahead of a planned initial public offering later this year, Reuters reports, citing company filings and a confidential source. The proposed deal would swap xAI shares for SpaceX stock and fold X, Grok, Starlink and SpaceX assets under one entity, potentially accelerating space-based AI data centers and defense-related contracts. Timing and valuation remain undetermined.